Amidst the ongoing correction in the entire crypto market, Plasma has launched its mainnet and native XPL token, with a 60% surge in market cap, crossing $2.5 billion in hours. As a layer 1 blockchain designed for global stablecoin payments with zero-fee USDT transfers, Plasma’s launch is considered by many as a significant event in the crypto environment.
Plasma has already integrated more than 100 DeFi projects upon launch, including popular networks such as Aave, Ethena, Fluid, and Euler. Also, it is backed by major investors that include Founder’s Fund, Framework, and Bitfinex, among others. Peter Thiel, the key person of Founder’s Fund, stated that Plasma has the potential to reshape the stablecoin landscape, signaling the long-term potential of XPL. For official tokenomics and ecosystem details, check Plasma Tokenomics
Plasma’s XPL Opens Trading, Public Sale Participants in Massive Gains
Plasma has opened trading in prominent exchanges such as Binance, Kraken, OKX, Bitget, and HTX, with around 18% of the total XPL supply available for purchase. 10% of the supply was initially delivered to the public sale participants at an average price of $0.05, who are now in massive profit.
A public-sale participant who purchased 11.44 million XPL for $571,800 has now generated $11 million in unrealized gains. Apart from the public sale buyers, the exchange-based traders are also earning rewards through various XPL-driven airdrops. Binance has started the distribution of the rewards for those who participated in its XPL HODLer Airdrops
Plasma (XPL) Unlocks Zero-Fee USDT Transfers, Receives $4B DeFi Deposits
Since the Thursday launch, Plasma’s DeFi projects have witnessed deposits of over $4 billion, and the chain has become the seventh-largest DeFi blockchain by volume. According to River, Plasma’s pseudonymous DeFi lead, the focus on ensuring the cheapest USDT borrow rate in the market and the implementation of zero-fee USDT transfers attracted the investors. “We predicted a good reception at launch, but the feedback from the market and initial success have surpassed even our most optimistic scenario,” he added.
The top DeFi projects that contributed to Plasma’s $4 billion volume are listed below.
RankProjectsCategoryTVL1AaveLending$2.843b2Plasma Saving VaultsOnchain Capital$2.44b3VedaAllocator$2.4b4FluidOnchain Capital$325.85m5EulerAllocator$197.69m6BalancerLending$133.38m7UniswapDexs$34.8m8TermFinanceDexs$34.49m9Curve FinanceDexs$18.92m10GearboxLending$5.2m
Plasma (XPL) Tokenomics Suggest Long-Term Potential
XPL, which is the native asset of Plasma Chain, facilitates the on-chain transactions and provides rewards to those who validate the transactions. As the foundational asset of the ecosystem, XPL will likely witness growth parallel to the ecosystem expansion. The ignorable annual inflation of 5%, which decreases by 0.5% until it reaches the baseline 3%, ensures balance and low volatility in the long run. The allocation details are provided below.
XPL Public Sale – 10% (1,000,000,000 XPL)
Ecosystem and Growth – 40% (4,000,000,000 XPL)
Team – 25% (2,500,000,000 XPL)
Investors – 25% (2,500,000,000 XPL)
About Plasma
Plasma is a brand-new layer 1 blockchain that is specifically designed for stablecoin payments. As a network from Tether’s sister firm Bitfinex, Plasma will particularly focus on USDT transfers. It allows zero-fee USDT transactions, the first blockchain to do so. Plasma is backed by prominent investors, including Peter Thiel’s Founders Fund, Framework Ventures, Tether, and Bitfinex, ensuring trustworthiness and security. The public sale of its native currency XPL in July 2025 saw over 4,000 wallets participate at a $500 million valuation. At present, XPL is trading for $1.36, with a market cap of $2.5 billion.
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